Annual report pursuant to Section 13 and 15(d)

Note 19 - Related Party Transaction

v3.21.4
Note 19 - Related Party Transaction
12 Months Ended
Oct. 31, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 19. Related-Party Transactions

 

As discussed in Note 12, in October 2020, the Company reached a settlement with the prior shareholders of CPH, resulting in the Company recording a $2.0 million charge related to the settlement agreement reached between the Company and the prior shareholders of CPH that is included in general and administrative expenses in the accompanying consolidated statements of operations.  The corresponding due to related party is included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets and was settled in fiscal 2021 as the income tax refunds from the IRS were received.